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SEC Targets Oil, Telecoms Firms For $1Trillion Market Capitalisation

Ugodre Obi-chukwubyUgodre Obi-chukwu
10 years ago
in Uncategorized
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The Securities and Exchange Commission (SEC) says it is targeting $1 trillion market capitalisation of the Nigerian Stock Exchange (NSE).
 It is optimistic the target is feasible particularly when the power, telecoms and oil and gas companies list their shares on the exchange in the future.
Speaking at a press conference in Lagos, the Director General of SEC, Aruma Oteh, said the market capitalisation is currently at $107 billion, buoyed by the introduction of market making on the exchange in the fourth quarter of 2012.

SEC targets oil, telecoms firms for $1trn market capitalisation

Tags: News Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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